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with me. >>> other big story now is stronger than expected corporate earnings. good story. and apple beat, strong profit in big industrial companies. gave us a big rally today. remember, please, profits are the mother's milk of stocks. all that's up next. and please don't forget my other dictum. free market capitalism is the best path to prosperity. we'll be right back after this. >>> it's hard to hit home runs all of the time. is that part apple's problem? >> i don't know if it's a problem, larry. tim cook did say we've got some cool new stuff coming in the fall and in 2014. that might have been what triggered an after hours selloff. some people interpreted that to mean we don't have new stuff coming in the summer. but will he he also talked about new product categories the team is working on. yes, apple has been coming out with a lot of new stuff over the past couple years, but historically, they have taken longer between some major launches. between the ipod and the iphone, there was about six years where apple was mostly doing software iterations. >> john fort, thank you very much, we
because i wanted to talk to you about technology in particular, and the fall in apple and the fact that everybody is saying that the technology market per se is really going to struggle without the leadership of a. do you think that that's correct, or has the market factored in the fact that maybe apple is just turning a bit you? know, longer term it may be fine, but it's time had come for a retrenchment. >> well, i think the markets have taken that into account somewhat, but i will plug my show "futures now." >> absolutely. >> talking about that subject today and one of the traders and strategists today saying they thought the technology markets, the nasdaq, could continue to go lower. you have the trifecta there that we just talked about, apple going lower and a mix of companies that haven't really done that well. we've seen 72% of companies actually beating in terms of their earnings, but in the tech space i don't think the number has really been that strong, so our traders today say they were shorting the nasdaq, and our gentleman that was from morgan stanley, he was saying he
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